"Location, location, location" is "LVT fantasy land"? That's practically the fir...

		triceratops 33 days ago \| parent \| context \| favorite \| on: UK Millionaire exodus did not occur, study reveals "Location, location, location" is "LVT fantasy land"? That's practically the first rule of real estate. Is a 1 acre empty lot in Palo Alto worth the same as a 1 acre empty lot in Mobile, Alabama? No improvements on either one so they should go for the same price, right?

Why isn’t it?

That land wasn’t valuable when it was orange groves. The improvements make the place.